FAC Explorer

Finding 1173470 (2025-001)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2025
Accepted
2026-02-13
Audit: 387203
Organization: Bridgewater-Raritan Regional School District (NJ)
Auditor: SUPLEE CLOONEY & COMPANY LLC

AI Summary

  • Answer: The organization has more cash on hand than needed for the next three months of spending.
  • Trend: This indicates a positive financial position and suggests effective cash management.
  • List: Monitor cash flow regularly, consider investment opportunities, and ensure funds are allocated efficiently.

Finding Text

Net cash resources exceeded three months average expenditures

Corrective Action Plan

The District will replace obsolete kitchen equipment to bring down food service cash balances

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1173468 2025-001
    Material Weakness Repeat
  • 1173469 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.027 SPECIAL EDUCATION_GRANTS TO STATES $2.00M
10.555 NATIONAL SCHOOL LUNCH PROGRAM $805,439
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $275,468
84.367 IMPROVING TEACHER QUALITY STATE GRANTS $188,886
84.173 SPECIAL EDUCATION_PRESCHOOL GRANTS $69,101
10.553 SCHOOL BREAKFAST PROGRAM $68,265
84.425U EDUCATION STABILIZATION FUND $46,149
93.778 MEDICAL ASSISTANCE PROGRAM $23,111
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $19,810
10.185 LOCAL FOOD FOR SCHOOLS COMPETITIVE PROGRAM $16,460
84.365 ENGLISH LANGUAGE ACQUISITION STATE GRANTS $2,758
10.646 S-EBT ADMINISTRATIVE COST $322